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<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><img width="624" height="147" style="width:6.5in;height:1.5312in" id="_x0000_i1025" src="cid:image001.png@01D8B6DC.9AAB5650"></span><span style="font-family:"Segoe UI",sans-serif"><o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif">FOR IMMEDIATE RELEASE<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif">August 23, 2022<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing" align="center" style="text-align:center"><b><u><span style="font-size:22.0pt;font-family:"Segoe UI",sans-serif">Gov. Little calls special session to deliver record tax relief, education investments in face of historic inflation<o:p></o:p></span></u></b></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif">Boise, Idaho – Governor Brad Little and legislative leaders announced today a special legislative session will be held Sept. 1, to use the state’s record $2 billion projected budget surplus
to counteract the impacts of 40-year high inflation on individuals and schools.<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing" style="margin-left:.5in"><b><i><span style="font-family:"Segoe UI",sans-serif">“We’re calling an extraordinary session to address the crushing impacts of historic inflation on Idaho families and schools. The cost of basic fundamentals
to live everyday life has skyrocketed, and schools are faced with the burden of rising operating costs. Idaho’s powerful economic engine, combined with years of fiscal conservatism in state government, mean tax revenues have outpaced government spending, month
after month, year after year. As a result, we are now projecting a new record budget surplus - $2 billion - which is hundreds of millions more than we expected. With the emergency before us, we’re going to give it back to the people and help our schools,”</span></i></b><span style="font-family:"Segoe UI",sans-serif">
Governor Little said.<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif">The single subject bill on inflation that will be considered by the Idaho Legislature on Sept. 1 includes:<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<ol style="margin-top:0in" start="1" type="1">
<li class="MsoNoSpacing" style="mso-list:l0 level1 lfo1"><b><span style="font-family:"Segoe UI",sans-serif">Immediate TAX CUTS FOR ALL
</span></b><span style="font-family:"Segoe UI",sans-serif">- $500 million in immediate one-time income tax rebates. Idahoans will get back 10-percent of 2020 income taxes paid, with
<u>minimum</u> rebates of $300 for individuals and $600 for joint filers. Seniors who apply for the grocery tax credit are also eligible for the minimum rebate. Rebates will start rolling out as soon as September.<o:p></o:p></span></li></ol>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<ol style="margin-top:0in" start="2" type="1">
<li class="MsoNoSpacing" style="mso-list:l0 level1 lfo1"><b><span style="font-family:"Segoe UI",sans-serif">Ongoing TAX CUTS FOR ALL through new lower, flat income tax</span></b><span style="font-family:"Segoe UI",sans-serif"> – Eliminates the first $2,500
of income from taxation for individuals and $5,000 for joint filers, and establishes a new lower flat tax of 5.8-percent across the board (down from 6-percent), to provide more than $150 million in ongoing relief to all working Idahoans starting in January
2023. <o:p></o:p></span></li></ol>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<ol style="margin-top:0in" start="3" type="1">
<li class="MsoNoSpacing" style="mso-list:l0 level1 lfo1"><b><span style="font-family:"Segoe UI",sans-serif">New historic ongoing education investments while cutting taxes</span></b><span style="font-family:"Segoe UI",sans-serif"> – Puts $410 million total to
Idaho education through an ongoing sales tax transfer, the single largest investment in education in state history. The plan puts $330 million toward K-12 public schools to help with rising costs due to inflation, and $80 million will go toward training for
in-demand careers and prepare our institutions for the likely increase in workforce development training that occurs during times of economic uncertainty.<o:p></o:p></span></li></ol>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif">The bill to be considered by the Legislature has a long list of bipartisan cosponsors.<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif">Information on the 2022 special legislative session, including the bill language to be considered, statement of purpose and cosponsor list, and Governor’s proclamation, is available at
</span><a href="https://gov.idaho.gov/legislative-sessions/2022-special-legislative-session/"><span style="font-family:"Segoe UI",sans-serif">https://gov.idaho.gov/legislative-sessions/2022-special-legislative-session/</span></a><span style="font-family:"Segoe UI",sans-serif">.<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing" align="center" style="text-align:center"><span style="font-family:"Segoe UI",sans-serif"># # #<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing"><i><span style="font-size:9.0pt;font-family:"Segoe UI",sans-serif">Please DO NOT REPLY to this message. For press inquiries only, contact the Governor’s press office at (208) 854-3015 or e-mail
</span></i><a href="mailto:Madison.Hardy@gov.idaho.gov"><i><span style="font-size:9.0pt;font-family:"Segoe UI",sans-serif">Madison.Hardy@gov.idaho.gov</span></i></a><i><span style="font-size:9.0pt;font-family:"Segoe UI",sans-serif">.
<o:p></o:p></span></i></p>
<p class="MsoNoSpacing"><i><span style="font-size:9.0pt;font-family:"Segoe UI",sans-serif">To unsubscribe from these announcements, send an e-mail to
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